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Alvarez Industries stock currently sells for $40 a share. It just paid a dividend of $1.92 a share (that is, D 0 = $1.92). The
Alvarez Industries stock currently sells for $40 a share. It just paid a dividend of $1.92 a share (that is, D 0 = $1.92). The dividend is expected to grow at a constant rate of 5.8 percent a year. What stock price is expected 1 year from now? The CORRECT ANSWER IS D 43.32 please show steps on how to solve !
a. $37.81
b. $44.35
c. $45.71
d. $42.32
e. $40.00
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